J.P. Morgan Offers Reporting Service for Money Market Compliance

Mark Kelley, J.P. Morgan Worldwide Securities Services

J.P. Morgan has rolled out enhanced reporting services for its money market fund manager clients to help them address new SEC rules.

The revised SEC requirement, Rule 2a-7, targets issues including higher credit quality, better liquidity and new calculations for weighted average life of money market funds. Managers must comply with new disclosure requirements for fund, class and security level data on a monthly basis on a public Web site. J.P. Morgan has upgraded relevant accounting and complian

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